https://www.taxtmi.com/caselaws?id=364876 The Karnataka Appellate Tribunal upheld the estimate of suppressed turnover for M/s Shanthakoti Enterprises, a granite dealer, at Rs. 28,64,220 for the period from April 2005 to March 2006. The Tribunal relied on Rules 42 and 43 of the Karnataka Minor Mineral Concession Rules, dismissing the petitioner's challenge regarding the deduction for wastage. The Court deemed the rules relevant for assessment under the Karnataka Value Added Tax Act, 2003, and found the 15% deduction reasonable despite discrepancies in measurements and sales invoices, ultimately upholding the estimate and dismissing the Revision Petitions. en-us Fri, 06 Jul 2018 00:00:00 +0530 Mon, 27 May 2019 16:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364876 The Karnataka Appellate Tribunal upheld the estimate of suppressed turnover for M/s Shanthakoti Enterprises, a granite dealer, at Rs. 28,64,220 for the period from April 2005 to March 2006. The Tribunal relied on Rules 42 and 43 of the Karnataka Minor Mineral Concession Rules, dismissing the petitioner's challenge regarding the deduction for wastage. The Court deemed the rules relevant for assessment under the Karnataka Value Added Tax Act, 2003, and found the 15% deduction reasonable despite discrepancies in measurements and sales invoices, ultimately upholding the estimate and dismissing the Revision Petitions. Case-Laws VAT and Sales Tax Fri, 06 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364876